H.J.Res. 50 (112th): Proposing an amendment to the Constitution of the United States relative to abolishing personal income, estate, and gift taxes and prohibiting the United States Government from engaging in business in competition with its citizens.

Mr. Paul introduced
the following joint resolution; which was referred to the
Committee on the
Judiciary

JOINT RESOLUTION

Proposing an amendment to the Constitution
of the United States relative to abolishing personal income, estate, and gift
taxes and prohibiting the United States Government from engaging in business in
competition with its citizens.

That the following article is
proposed as an amendment to the Constitution of the United States, which shall
be valid to all intents and purposes as part of the Constitution when ratified
by the legislatures of three-fourths of the several States within seven years
after the date of its submission for ratification:

—1.

The Government of the United States shall
not engage in any business, professional, commercial, financial, or industrial
enterprise except as specified in the Constitution.

2.

The constitution or laws of any State, or
the laws of the United States, shall not be subject to the terms of any foreign
or domestic agreement which would abrogate this amendment.

3.

The activities of the United States
Government which violate the intent and purposes of this amendment shall,
within a period of three years from the date of the ratification of this
amendment, be liquidated and the properties and facilities affected shall be
sold.

4.

Three years after the ratification of this
amendment the sixteenth article of amendments to the Constitution of the United
States shall stand repealed and thereafter Congress shall not levy taxes on
personal incomes, estates, and
gifts.

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